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UNITED  STATES   


SECURITIES  AND  EXCHANGE  COMMISSION   


Washington, D.C. 20549  




 



 


FORM  8-K   




 



CURRENT  REPORT   


PURSUANT TO SECTION 13 OR 15(d) OF THE 


SECURITIES EXCHANGE ACT OF 1934 


 


Date of Report (Date of Earliest Event Reported): June, 13, 2014 (June 10, 2014)




 



HPIL HOLDING


(Exact name of registrant as specified in its charter)  




 



 


 




	

   Nevada
	

   333-121787
	

   20-0937461

	

   (State or other jurisdiction


   of incorporation)
	

   (Commission


   File Number)
	

   (IRS Employer


   Identification No.)





 


 




	

   7075 Gratiot Road, Suite One 


   Saginaw, MI
	

   48609

	

   (Address of principal executive offices)
	

   (Zip Code)





 


 




	

   (248) 750-1015

	

   (Registrant’s telephone number, including area code)





 


 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


 


[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


 


[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


 


[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


 


[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 




 


 




 








 



Item 1.01 Entry into a Material Definitive Agreement. 


 


            On June 10, 2014, HPIL Holding’s wholly owned subsidiary, HPIL ENERGYTECH Inc. (“HPIL ET”), entered into a Service and Consulting Agreement (the “Agreement”) with O.R.C. SRL a private company focused on investing in the energy sector (“O.R.C.” ); O.R.C. and HPIL ET may be referred to herein individually as a “Party” or, collectively, as the “Parties” .  Pursuant to the Agreement, beginning on June 10, 2014, HPIL ET will provide to O.R.C. certain consulting and other services (the “Services”), as more fully described in the Agreement.  In consideration of the Services provided by HPIL ET, O.R.C. has agreed to compensate HPIL ET in the amount of USD $30,000 per month throughout the term of the Agreement.  The term of the Agreement is two (2) years unless terminated earlier by either Party pursuant to the terms and conditions of the Agreement.


 


            The foregoing summary of the Agreement is not complete and is qualified in its entirety by reference to the complete text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated in this Item 1.01 by reference.


 


Item 8.01 other events. 


 


            On June 13, 2014, HPIL Holding published a press release announcing the Agreement.  A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.


 


Item 9.01 Financial Statements and Exhibits.  


 


            (d)  Exhibits


 


Exhibit                       Description 


 


10.1                             Service and Consulting Agreement entered into by and between HPIL ET and O.R.C. on June 10, 2014


 


99.1                             Press Release dated June,13, 2014


 




 


 









 








 



SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.


 


                                                                                   


 




	

    
	

   HPIL Holding


   (Registrant)





                                                                          


                                                                           




	

   Date:    June,13, 2014
	

   By: /S/ Nitin Amersey 


   Nitin Amersey


   Director, Chief Financial Officer, Treasurer and 


   Corporate Secretary